Hello
To make a long story short. Bought my home in 2007 with an 80/20. 2008 Market tanked. My husband at the time worked in mortgage so funds tanked as well. We hired a mortgage specialists to help us out and his advise was to stop paying on the second and pay on the first. We did that and at about 6 months we refinanced the first and caught back up. In the meantime the second mortgage with Countrywide went bankrupt, saw nothing on our credit and went on paying the first as we were underwater anyway. Fast forward to a divorce and bankruptcy (which didn't show the second as well) and in 2017 guess who purchased the note I am sure for pennies on the dollar. Real Time Resolutions. I hired a lawyer right away, and we waited for them to make a deal. 2 years goes by to now, they are back in contact. I can currently refinance because of course there is now equity-in the house. The second sat in MERS all these years. The second was originally $72,000. There total with interest and late fees is $160,000. I owe $120,000 on the first. They want copies of my current mortgage statement with the principle balance? Why? We offered $10,000 for giggles they said NO. I told my lawyer please tell them I am not remodifieing or refinancing with them so they dont need that info to make a deal, and to offer them $50,000. Anyone have success Real Time??? Should I just file Chapter 13?
To make a long story short. Bought my home in 2007 with an 80/20. 2008 Market tanked. My husband at the time worked in mortgage so funds tanked as well. We hired a mortgage specialists to help us out and his advise was to stop paying on the second and pay on the first. We did that and at about 6 months we refinanced the first and caught back up. In the meantime the second mortgage with Countrywide went bankrupt, saw nothing on our credit and went on paying the first as we were underwater anyway. Fast forward to a divorce and bankruptcy (which didn't show the second as well) and in 2017 guess who purchased the note I am sure for pennies on the dollar. Real Time Resolutions. I hired a lawyer right away, and we waited for them to make a deal. 2 years goes by to now, they are back in contact. I can currently refinance because of course there is now equity-in the house. The second sat in MERS all these years. The second was originally $72,000. There total with interest and late fees is $160,000. I owe $120,000 on the first. They want copies of my current mortgage statement with the principle balance? Why? We offered $10,000 for giggles they said NO. I told my lawyer please tell them I am not remodifieing or refinancing with them so they dont need that info to make a deal, and to offer them $50,000. Anyone have success Real Time??? Should I just file Chapter 13?